Commentary: The best way to deal with the debt ceiling: Ignore it - News Summed Up

Commentary: The best way to deal with the debt ceiling: Ignore it


Once we hit the debt ceiling, Biden will bump into a constitutional obstacle no matter what he does. The same principle applies to a president: If all his options are unconstitutional, he should choose the least unconstitutional option. So which unconstitutional option — unilaterally raising taxes, disobeying spending laws or borrowing beyond the debt ceiling — is the least unconstitutional? AdvertisementBy contrast, violating the debt ceiling would not require the president to make any legislative-style decisions. We wish there were a magic spell to neutralize the debt ceiling.


Source: Los Angeles Times May 20, 2023 08:01 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */